October 7, 2019 / 8:34 AM / 9 days ago

Nagpur Soybean, Soyoil, Soymeal Open- October 07, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 7, 2018

Nagpur, Oct 7 (Reuters) – Soyabean oil prices today strengthened in Vidarbha region of Western
Maharashtra on increased offtake by vanaspati millers amid a firming trend in producing regions.
Buying activity in edible oils picked up as Malaysian palm oil climbed in overseas markets.
Healthy rise on NCDEX and reported demand from South-based traders also boosted prices, sources
said Monday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed, 
    castor and coconut KP oil ruled steady here in thin trading activity.  
  * Traders expect upward trend in soyabean oil here.  
    
   SOYMEAL
  * Soymeal prices today ruled steady here but demand was poor. 
                                         
   SOYABEAN
  * Soyabean prices reported higher in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on good demand from local crushing plants. Good hike on soyabean oil, 
    upward trend on NCDEX and upward trend in Madhya Pradesh soyabean prices also boosted 
    sentiment. 
    About 100 soyabean bags reported for auction in Nagpur APMC, according to 
    sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       (Auction price)    (Auction price)
    Market delivery    34,000-35,500       34,000-35,000         --
    (Available price)
    Market delivery    34,100-35,600       34,100-35,100          --
    (Traders price)
    Plant delivery     39,200-39,500       39,200-39,500          --

    Soybean yellow arrivals (in 90-kg bags) and prices (in rupees per tonne) 
in Vidarbha, according to officials of Agriculture Produce Marketing Committee
and trade sources.
                         Deliveries          Available prices
    Hinganghat             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    Arvi                   n.a.                   n.a.
    Umred                  n.a.                   n.a.
    Chandrapur             n.a.            n.a 

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 39,700, Washim – 39,900, Khamgaon – 39,200, Dhulia – 39,600, 
    Hingoli – 39,800, Jalna – 39,500, Nandurbar – 39,900, 
    Latur – 38,800, Nanded – 39,200, Solapur – 38,800, Sangli – 39,000.
        
    Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag), Dhan arrival (75 kg bag), cotton
(100 kg) and prices (in rupees per 100 kilogram) in Nagpur, according to APMC sources:

                        Deliveries    Available prices    Previous close
    Sunflower              n.a.            n.a.                2,400-2,600
    Groundnut              n.a.            n.a.                700-900
    Linseed                n.a.            n.a.           4,300-4,600
    Castor                 n.a.            n.a.            2,850-3,000
    Rapeseed               n.a.            n.a.                1,520-1,625
    Til                    n.a.                n.a.                7,500-8,000
    Dhaniya                n.a.            n.a.           5,400-5,800 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             2,100-2,300
    Dhan                  n.a.            n.a.             1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         765            762
    Soyoil solvent crushing plant delivery         725            722    
    Cottonseed refined                             764            764
    Cottonseed solvent                             724            724
    Groundnut oil – loose (10 kg)                  1,240          1,240
    Groundnut oil refined (15 Litre)               1,830          1,830
    Sunflower oil refined (10 kg)                  920            930
    Linseed oil (10 kg)                            860            870
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,830          1,840
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 768            764
    Soyoil Solvent                                 728            724
    Cottonseed refined                             797            797
    Cottonseed solvent                             757            757

    AKOLA
    Soyoil refined                                 768            762
    Soyoil Solvent                                 728            724        
    Cottonseed refined oil                         798          798 
    Cottonseed solvent                             758            758

    DHULIA
    Soyoil refined                                 764            760
  
    KHAMGAON
    Soyoil refined 
                                                764            762
    JALNA
    Soyoil refined 
                                                   763            760
    NANDED
    Soyoil refined                                 749            748
   
    Soyoil refined prices at other places in Maharashtra : Latur - 750, 
    Khamgaon – 764, Washim – 759, Solapur – 763, Sangli – 764.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.
     Soyabean and Cottonseed oil - 10 litre)                        
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  36,500-37,000    36,500-37,000
      
    Soymeal prices at other places in Maharashtra : Akola – 36,800, 
    Washim – 36,800, Dhulia – 36,700, Hingoli – 36,700, Jalna – 37,000,
    Nandurbar – 37,100, Khamgaon – 36,200, Latur – 36,000, Nanded – 37,300,
    Solapur – 37,100, Dharwad – 36,000, Sangli – 36,200

WEATHER (NAGPUR)  
Maximum temp. 34.2 degree Celsius, minimum temp. 23.3 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 34 degree Celsius and 23 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

ATTN : Soyabean mandi, wholesale foodgrain market of Nagpur APMC and oil market in Vidarbha will
be closed tomorrow, Tuesday, on the occasion of Dusshera.

        *    *     *    *    *    *

  
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